Which of the following is (are) not correct? A. U-rate in Japan > U-rate in France B. Employment - to - population ratio in Germany > Employment-to-population ratio in Japan C. Employment rate in France Germany D. All of the above are not correct. Employment rate in There is only one labor market in Profunctia. All workers have the same skill, and all firms hire workers with these skills. 10 wage 8 7 6 5 4 3 2 S D 10 20 30 40 50 60 70 80 90 hundreds of workers Note: E is where demand curve cuts supply curve. Which of the following statements is (are) not correct? OA. At E, 5,000 workers are employed. OB. At E, there is a surplus of labor and the structural unemployment rate is 10%. C. At E, 5,000 workers are unemployed. D. Both B) and C) are not correct.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 1P
Question
Which of the following is (are) not correct? A. U-rate in Japan > U-rate in France B. Employment - to - population
ratio in Germany > Employment-to-population ratio in Japan C. Employment rate in France
Germany D. All of the above are not correct.
Employment rate in
There is only one labor market in Profunctia. All workers have the same skill, and all firms hire workers with these skills.
10
wage
8
7
6
5
4
3
2
S
D
10
20 30 40 50 60 70 80
90
hundreds
of workers
Note: E is where demand curve cuts supply curve.
Which of the following statements is (are) not correct?
OA. At E, 5,000 workers are employed.
OB. At E, there is a surplus of labor and the structural unemployment rate is 10%.
C. At E, 5,000 workers are unemployed.
D. Both B) and C) are not correct.
Transcribed Image Text:Which of the following is (are) not correct? A. U-rate in Japan > U-rate in France B. Employment - to - population ratio in Germany > Employment-to-population ratio in Japan C. Employment rate in France Germany D. All of the above are not correct. Employment rate in There is only one labor market in Profunctia. All workers have the same skill, and all firms hire workers with these skills. 10 wage 8 7 6 5 4 3 2 S D 10 20 30 40 50 60 70 80 90 hundreds of workers Note: E is where demand curve cuts supply curve. Which of the following statements is (are) not correct? OA. At E, 5,000 workers are employed. OB. At E, there is a surplus of labor and the structural unemployment rate is 10%. C. At E, 5,000 workers are unemployed. D. Both B) and C) are not correct.
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